Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1887-01-20
GOVERNORS MESSAGE.
A oNaDocuMENT CONDENSED
FInancial-Resouroes- -Penitentiary-Hos-
pitals-Schoois.


FInancial-Resources- s-Penitentiary-Hos-
pitaIs- Schools.
Tho as.oro 3, a. .,,,;ro,v &c 100 .,ong
=. ..''1.:S "
ior puohcauon IN our coiunihs' 80 VIC
have selected such parts as contain in
formation concerning state affairs which |
orne.r n ~. a. ,nost ;mnorton,
'ep' " ~ - -'''
FINANCES OF THE STATE.
III. raoo;,,s for ,ho ,,,o voors ordsd
Doo 10 1Sae s.au .d ~, oo,ross .m wv ,vor. 60
aos @ 1eS @ on ~ hnr;nn u Oh ,ho o sama ,;ue % yS tSo
d;Shnrsa,an,s Az. 'vU,vO, aso 'n 90 ooi eoo oS ar
oass ss1 ns a'o onnanS;,,,ros eel haS 40 III. in.
rss crssso " f v l"o0r,s ,ho ,,yo veora nra 70
,;o',s o' Ua. w sSo1 ooS Ok ' WV 'e'' p'
Rnt for ,he iarCn o~,roord;narv onnro.
,r;o,;on. ~, ,ho 6onarai assan,b,r 'f tbaro
ro,,id 80 ~ ' ho Iarso haIonno H. ,he
hean s;;,, M monv NV ,bn~sands Of dollars
Sreater Int for Tho large and nrov;onslv
Sneynected amount Of Torhett isane and
tras.prer,s cort;ticote for ths sor,e iSsned
in lion Of money which aawad hacI in
t.vas as - '' !" "'''' O"'N '''''>
In tho remarks onnonded 10 tho troas.
urer,s renort II Ia shawn that in Tho en-
Sot e0o as ~ d;sbnrsoments for Nc INST
two vears ore included many Items of
eytraordinarv exnense that need not nec.
essarilv he incnrrod in future wears tho,
chief ~ which arc the follow;ng. Togis'
lat;vo eYnenses ey,ra session s2O 671 s5.
court of referees s17 509 Oh. East Tenn
assoc .Uosn;,,I for thc Insane s105 0GS
4
cancelled and exnenso of SANG S5SS 4t0
%. McMinnville and Manchester rail.
road s11 3S6 OK. Code Of Tennessee
900 600 oh and Mineral Home railroad
| bonds redeemed si5 518 az MI argreco.
J ting S7e0 5G0 10
There seems therefore IN be No doub,
that the nresent rate Of taxation is sniff.
cient n meet all the necessary exnensos
debt and occnmulo,e every veer n iarge
snm for tho eytingnisbmoDt of the nrin
c;nol ~ the Holt osnaciollv whom Tho
oblieations growing ont Of the Torbett
issue shall have bcen settled the last one.
! fifth portion of which will be taken up
in the year 1887, except the post-notes,
which will amount to $64, 101 90 annu-
1t Will be seen, by reference to the re.
port of the comptroller that the amount
OF warrants outstanding ON December
~, 1884, was the sum OF ll5,964, 81; that
there were issued from December 20,
1884, to December 10, 1856, inclusive,
warrants to the amount OF S3,2So, 49, 2Si
and that the amount outstanding on De
cember l0, 1885, was $ll0, l4O. 10.
In the matter OF revenue and bonded
Indebtedness the governor says;
ABOUT nve.siA,hs oi the eonus nas i,aolo
haon f,ndod w;,h oil hooL ;ntoraot thero.
| on.
Bonds retired at 8 per cent, 500, ,956, 900
Bonds retired at per cent, A6, ,0oo
Bonds retired at per cent 91S,Ooo
-o.
Iotai BONDS retired, SS2, $40, ,4oo
Ihese nave peen suoslltuteu Dy lne
Funding Board, under Act OF March io'
1858, win the toliowing new' or seltie-
New bonds at per cent, $1O,47S, 900
New bonds at per cent. 591. l0o
New bonds at per cent T20,ooo
TOTAL new or settlement
bonds $ll,oo4,9oo
BY adding together the valuations Of
taxable property mot including railroads
anu .e,esfaPns, So ~ sie .iie zoo aSscs,
oeu a",ue 81 ,o,aI ,".o oII, 500 co. ",i ny
'ne sai"e VI 'e.oStapn a,i ines, 80 oJo' 90,
We nnI 'no wa, 'J "~1'.t p,nUp',y ~ .ne
s.a. sone 200 @ orc @ os ''oou si,; q. VIC sSmJI
pS,o, 'vo'oDo'yo, 'Ho"5 an ny, 81 Ins1o os1
Vaiue ~ 'no '"'' iou' l0"'' Vi 9'''f''
So3.o3.
INTEREST EMBODIED IN THE SETTLEMENT
The funding hoard have issued unde,
,bo act of 1884 the following.
g. ,horsona n;no hundrod
e0seI ;no tno'I %nnd, ,i n;,, Auu ,mono,.
:n anu ilno VoHs Snri oS Iaan o 90 ,eo 7.r
in.eiest Inai ., ~ @a,oio, uaoh '' vs. IN
Y Aiso siA .'' snousanu WV numueu nua
anu wei, .mehsy s,,,, seSon uonP;o-
,nn'S, p9 ~ sao WIN "'''"s0 100 OIL
'ei's' Vi %o' o'0i'
| 90 or ~,
v.'o1'Oo
90 !! VIII DC @ seen .na' irac.,on iac,,, ,, owe
bnnds 10 ,np,nosod of ;ntoroot with ont no
.;mo,;n9 Un 20 U thn Ia.mo ~ omorn,s of ;n,ares
ohs"shna ;n ;n,o S hnS1ds frndoJd nrdar IN,
four preceding funding acts.
nv ~, rryyvsovr
., PAM u4 -'I" Ia..,s .,o.o a..
40 " of'I .ho oSt ao,;ar wo ho ,", 'a"
o ono y. .mo o'. ~, o0 ,;a,ro.;a, 90 ,h
states financial affairs. has resulted from
). the states relations to the old Bank o
Tennessee.
During the existence of the bank II is
sued notes or bills to the amount of $40,
:, this was redeemed by the bank, abou
70 5O0.OOO was left outstanding, ana
N was demanded by the holders that IL D
4 redeemed by the state, Ihe state promp'
o ly redeemed all OF this Bank OF Tennes